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Ford's Negotiations with the UAW Seem Smoother Than GM's, an Industrial Info Market Brief
Industry Segment: Market Brief | Word Count: 146 Words
Attachment: ford projects
The recent strike at General Motors by the United Auto Workers (UAW) union, which ultimately exceeded 40 days and may have cost GM up to $4 billion in lost revenue, may have had an influence in the union's negotiations with the Ford Motor Company. After only about three days of negotiations, the union has announced a tentative labor agreement and it will go to the membership for ratification voting.
It was anticipated that the negotiations with Ford would be every bit as challenging as with GM, but it seems that the union worked to get very similar results as the GM deal, and Ford accepted rather than draw things out. Industrial Info is currently following 12 Ford projects in the U.S. valued at $1.32 billion in investment. Click here for a list of projects and see graph below for investment by state.
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